Need $$$ to tide me over ... student loans mid-semester? Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
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HWS08

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Need $$$ to tide me over ... student loans mid-semester?

Post by HWS08 » Sun Apr 14, 2013 8:04 am

I took out some loans earlier this semester to cover cost of living expenses, but I underestimated how much I would need. I need a few thousand dollars to cover my rent and other expenses until I start getting paychecks from my summer job. Can I take out more federal loans now, or is it too late? I think it will take about a week to get the funds through my school's reimbursement system. Our financial aid office is closed until later this week, but I have some spare time today, so I'd like to get this started if I can. Thanks!

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$peppercorn

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Re: Need $$$ to tide me over ... student loans mid-semester?

Post by $peppercorn » Sun Apr 14, 2013 9:02 am

Yes you can take out more up to the amount that the school had set for the COA. I had to do this earlier this year. You can do it all through the fed loans website.

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